X
Disclosure: Grounded Reason is supported by a small commission for purchases made through some product links on this website. I do not accept compensation from companies attempting to sway my review of products.

Podcast: Blockchain – It’s Bigger Than Bitcoin

You can listen to this episode of the Grounded Reason Podcast through any of the sources below. This and every episode is 100% free for you to listen.

Podcast Client

If you are using a podcast client then you just need to add the shows RSS link which is “http://groundedreason.libsyn.com/rss”.

If you have iTunes, it would really help the podcast rankings if you used it to listen to the podcast.  However, if you do not have it you can listen to the show in your browser below.

This is an Accelerated Mobile Page. The MP3 cannot display on this page. Please use one of the other options listed above to listen to this episode.

Contact the Show

Please Subscribe to The Show in iTunes, Stitcher, or your Podcast App.

Please rate and review the show in iTunes. If you want to send us questions or comments please use any of the methods below.

For more information on cutting the cord visit – https://www.groundedreason.com

Call and leave a question or comment for the show: 650-TALK-GRP

Grounded Reason FaceBook Page

Email us at podcast@groundedreason.com

Tweet us @GroundedReason

Show Notes

What is Blockchain – Essentially, block chain is a database that is distributed and manages a continuously growing list of records.

Those records are organized into blocks and each block has a link to the previous block. This is done through a complex system of rules that take the previous block and all the transaction records in the current block and create what is called a hash.

This discussion is a great primer on how Bitcoin is implemented using blockchain: http://bitcoin.stackexchange.com/questions/12427/can-someone-explain-how-the-bitcoin-blockchain-works

Why is this important – Trust! Don Tapscott calls blockchain the trust protocol. With an open ledger of transactions that show there was a transaction but not necessarily the details, the need for third party firms diminishes. The possible applications include currency, smart contracts, identity information, titles, deeds, and much more.

Why is this safe – Since it’s distributed, and each block is linked to the previous block you would have to hack each block in the chain. Not only that, but you would have to hack 51% of all the computers or nodes using the that blockchain at the same time.

Fios is Still the Best Internet Service for Your Smart Home

If you enjoyed this article, please subscribe to our weekly newsletter. It goes out every Thursday and keeps you up to date on information relevant to cord cutters. Subscribing will also inform you on the latest deals out there for internet, streaming, and more.

If this article did not answer your specific question, check out the Cord Cutting Guide. It provides links to the most important articles in our over 200 pages of content to help you ditch pay TV.

For tips and tricks on cutting the cord and other tech topics be sure to join our Facebook Page and follow us on Twitter @Grounded Reason